Currency Blocs

"An Estimate of the Effect of Common Currencies on Trade and Income," with Andrew Rose, 2002, Quarterly Journal of Economics, 117 no.2, May, pp 436-466.  CEPR DP 2631; NBER WP 7857.   With summary, published in Currency Unions, edited by Alberto Alesina and Robert Barro (Hoover Institution Press, Stanford, CA), 2001.  [Our data, some relevant op-ed and newspaper coverage, and a response to a comment by Dani Rodrik, are available at Andy Rose's website, including the Frankel-Romer-Rose gravity-based instrumental variable for trade openness, as updated in Frankel-Rose, 2002.] 

"Emerging Currency Blocks" with Shang-Jin Wei, in The International Monetary System: Its Institutions and its Future, 1995, edited by Hans Genberg, Springer, 111-143.  "Trade Blocs and Currency Blocs," with Shang-Jin Wei, in The Monetary Future of Europe, Guillermo de la Deheza, et al, eds. (Centre for Economic Policy Research: London), 1993.  NBER Working Paper 4335.

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